on-timetraffic. >>> now to the presidential debate. it was the night everyone was waiting for. >> as craig boswell reports, they showcased their vision for the country. >> reporter: after weeks of preparation and months of anticipation, president obama and mitt romney meet face to face. after months of talking about each other, president obama and mitt romney talked directly to one another meeting on stage for the first time for their first debate. mitt romney and president obama speaking about their plans to fix the nation's economy. >> governor romney has a perspective that says, if we cut taxes, skew towards the wealthy and roll back regulations that we'll be better off. i've got a different view. >> i don't want to cost jobs. my priority is jobs. and so what i do is i bring down the tax rates. >> reporter: the republican nominee revealing his plan to reduce the deficit. >> what things would i cut from spending? >> i will eliminate all program by this test if they don't pass it. is the program so critical, it is worth borrowing mone